Viavi Solutions Inc.
Viavi Solutions Termination of Acquisition Agreement with Spirent
Summary
On May 23, 2024, Viavi Solutions Inc. terminated its Co-operation Agreement with Spirent Communications plc due to the lapse of the Viavi Scheme, which was conditioned on holding Viavi Scheme Shareholder Meetings by May 23, 2024. The Scheme Shareholder Meetings were adjourned indefinitely on April 17, 2024, leading to the termination of the Co-operation Agreement on May 23, 2024. An announcement was made on May 24, 2024, detailing the lapse and termination.
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Exhibits (1)
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About Viavi Solutions Inc.
Viavi Solutions Inc. is a leading global provider of network test, monitoring, and assurance solutions for communications service providers, enterprises, and network equipment manufacturers. With a diverse product portfolio, the company plays a critical role in enabling the smooth operation and optimization of networks worldwide. Viavi's offerings include advanced fiber optic testing solutions, wireless RF performance tools, and network performance monitoring software. These products are crucial in sectors such as telecommunications, aerospace & defense, and manufacturing, where they help ensure the reliability and efficiency of complex networks. Founded in 1923 and headquartered in San Jose, California, Viavi has established a significant presence in the market, known for its innovation and expertise in network testing tools. The company's solutions are instrumental in addressing the demands of rapid technological advancements and the growing need for high-speed, reliable connectivity. With the evolution of networks towards 5G and beyond, Viavi Solutions Inc. remains at the forefront, providing essential technologies that support the deployment and maintenance of next-generation communications infrastructure.
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